Sysmosoft announces partnership with the SWITCH foundation

Sysmosoft, one of TNF’s portfolio investments, today announced it has entered into a partnership with the SWITCH foundation to implement electronic signature and seal use cases across the Swiss education ecosystem.

The move to electronic signatures comes as Swiss universities are striving to automate and fully digitize document-based processes for their employees, students and alumni. Sysmosoft’s proprietary technology will be operated by SWITCH and deployed on top of SWITCH edu-ID to their over 460,000 users to access national academic web offerings. 

“SWITCH is the ideal partner to implement our product for the education vertical” said Frédéric Mauger, Co-Founder and Partner at Sysmosoft. “Sysmosoft is today considered as the leader of the Swiss financial industry. This new partnership is setting up the basis to become a key player in the education sector that has very high requirements in terms of privacy and security.”

For more information, please visit the official news release.

TNF participates in Dreams funding round

Dreams today announced another important milestone in its journey, closing a small funding round in February 2021. Existing investors Ålandsbanken, Storebrand and AXA IM reaffirmed their confidence in the company, while TNF stepped in to cover 33% of the round, based on their belief in the company's unique vision for the future of banking.

Dreams was founded in Stockholm in 2014 and currently has operations in Germany, Norway and Sweden.  The company, which focuses on the millennial savings market, uses groundbreaking behavioral science and engaging activities to push users to make little changes in their behavior, in order to make lasting changes to their finances. 

In addition to joining the round, TNF Partners Francisco Arcilla and Samir Khosla will play an active role in the company by sharing access to their ecosystem of like minded investors. 

“Beyond their important investment, TNF’s most valuable contribution is their dedication to our company’s future growth,” said Henrik Rosvall, Dreams CEO and Founder. “By generously sharing time, experience and access to a vast network of change makers building a smarter world, we’re truly grateful to have TNF with us as we continue our mission to promote #FinancialWellbeing and help people everywhere feel better about their money.”

For more information, please visit here.

Sysmosoft partners with Entrust to provide high-assurance digital signature workflow

Sysmosoft, one of TNF’s portfolio investments, today announced it has entered into a partnership with Entrust to provide a comprehensive solution for digital signature management. Under the agreement, Sysmosoft’s document signing workflow is now available as an add-on to Entrust digital signing solutions.

As demand for digital signing solutions accelerates and compliance with regulations like eIDAS in the European Union get more complicated, the need for secure and reliable digital solutions is paramount. By adding Sysmosoft’s digital signature management capabilities, Entrust can provide its customers with a solution that combines Entrust’s digital signing solutions with Sysmosoft’s proven document management workflow.

Frédéric Mauger, Co-Founder of Sysmosoft said: “New standards on electronic transactions are paving the way for a digital economy in the EU and abroad. Our product, Let’s Sign, enables the digitization of processes that are known to be stringent and require strict compliance with regional laws and international conventions. The partnership with Entrust will provide a complete set of trusted services to highly regulated industries.”

For more information, please visit the official news release.

TNF leads the latest funding round for NAX

NAX today announced that TNF led its latest funding round, having established a new model for launching corporate asset-backed products, ventures and securities.

The announcement comes on the heels of the formal launch of NAX, after two and a half years of stealth development. To date, NAX has secured $65m USD in investment from 12 institutional, family office and corporate investors across North America, Europe and Asia, valuing the company at over $300m USD.

“As an international investment firm that prides itself on being a catalyst for innovation and industry disruption, we were instantly captivated by NAX and its disruptive approach to asset creation and value generation,” said Francisco Arcila, Partner at TNF.  “We were very excited to lead the latest round of funding for NAX, and we are equally enthusiastic about the prospect of the many ventures and further investment opportunities that NAX will create.“

NAX was founded by Jeff Schumacher, the former founder of BCG Digital Ventures and over one-hundred early growth companies. Jeff Schumacher is an innovation leader and investor with over 20 years’ experience in building new businesses and transforming large corporations.

NAX is already working with leading global businesses in multiple industries including energy, insurance and consumer goods to launch corporate asset-backed products and is supported by operating partners from global leaders in trading, banking and underwriting to deliver the requisite infrastructure.

For more information, please visit the official news release.

Adeya listed as a Sample Vendor in Gartner Hype Cycle reports

Adeya, one of TNF’s portfolio investments, was mentioned by Gartner (NYSE: IT) as a Sample Vendor for “​Secure Instant Communications” in three recent Gartner Hype Cycle reports: Hype Cycle for Endpoint Security, 2020; Hype Cycle for Data Security, 2020; and Hype Cycle for Privacy, 2020.

Gartner Hype Cycles provides graphic representations of the maturity and adoption of technologies and applications, and how they are potentially relevant to solving real business problems and exploiting new opportunities.

Over the past several years, Adeya has developed deep expertise working with sensitive and demanding governmental clients. This has allowed Adeya’s technology to meet the needs of enterprises seeking to secure their communications and collaborations, particularly relevant during the COVID-enforced era of teleworking.

With the rise in remote-working and enterprise demand for improved security, Adeya has been helping increasing numbers of businesses, in both regulated and non-regulated industries, to keep their communications secure, irrespective of their employees’ work location.

To learn more about this announcement, please read the official release.

Clearmatics ranked #21 on Deloitte’s 2019 Technology Fast 500 EMEA

Clearmatics, one of TNF’s portfolio investments, was ranked #21 in Deloitte’s 2019 Technology Fast 500 EMEA programme.

Clearmatics, the London-based blockchain R&D company, is a leading player in the creation of decentralised Financial Market Infrastructure (dFMI).  The company’s distributed systems combine cryptography, consensus protocols and economic mechanism design to automate contracts and the transfer of economic value. 

Deloitte’s Technology Fast 500™ EMEA programme is a world-recognized industry ranking, focused on the technology ecosystem. It recognises technology companies that have achieved the fastest rates of revenue growth in Europe, the Middle East and Africa (EMEA) during the past four years.

Companies were selected based on percentage fiscal-year revenue growth from 2015–2018.The report noted that Clearmatics delivered a growth rate of 4900%. 

TNF participated in the 2018 $12 million Series A funding round of Clearmatics.

Samir Khosla, Managing Partner at TNF and member of Clearmatics Board of Directors noted: “TNF is very proud of Clearmatics and their exceptional team for the tremendous growth they have achieved over the past four years. This growth demonstrates that Clearmatics is bringing transformation change to financial market infrastructure.”  

To learn more, please visit the official release.

Francisco Arcilla Joins TNF as Newest Partner

TNF today announced the appointment of Francisco Arcilla as a Partner. The TNF team and its portfolio companies will benefit from Francisco’s 25 years of experience and deep knowledge of capital markets and alternative investments.

TNF today announced the appointment of Francisco Arcilla as a Partner. The TNF team and its portfolio companies will benefit from Francisco’s 25 years of experience and deep knowledge of capital markets and alternative investments. 

Prior to joining TNF, Francisco Arcilla was Global Head of the Institutional Client Group at AXA Investment Managers. He spent more than eight years in the company and served in several positions including: Global Head of External Managers, CEO of AXA IM Japan  and AXA IM’s Global Head of Sales. Francisco started his career at Merrill Lynch in 1994 as an analyst, before working as a senior proprietary trader for over a decade. In 2008, he joined the Swiss alternative solutions boutique EIM SA as Co-Head of Investments.

Francisco Arcilla said: “I am very excited to be joining the TNF team.  TNF is such a unique investment firm and  I look forward to helping it transform legacy industries and support emerging technologies that will reshape the world.”  

Erkin Bek said: “TNF is underpinned by a simple vision: to be a pioneering investment firm that seeds trends before they happen.  Francisco brings a wealth of experience to TNF and his insights and knowledge will further strengthen our team as we continue to to strive to be a catalyst for innovation and industry disruption.”    

Francisco Arcilla graduated from HEC School of Management in Paris and holds a Master of Science in Finance from the London Business School.

Adeya Announces Strategic Partnership with Mobilelron

Adeya, one of TNF’s portfolio investments, announced that it has partnered with MobileIron (NASDAQ: MOBL) to deliver secure enterprise communication solutions.  

MobileIron, the company that introduced the industry’s first mobile-centric, zero trust enterprise security platform will work with Adeya, the secure collaboration leader, to empower today’s global workforce with private, end-to-end encrypted real-time voice and video calls, conference calls, SMS, instant messages, group chats and file exchanges on any device.

Adeya and MobileIron have joined forces, combining their products to offer organisations the ability to add secure collaboration interactions within teams on top of device security. This partnership responds to the growing market demand for compliant, encrypted and secure mobile solutions for enterprises of all sizes.

“Remote work has become ubiquitous in the Coronavirus era and the partnership that Adeya – a TNF portfolio company – has formed with MobileIron will allow organisations to quickly and easily respond to the growing cyber threats to their digital workplaces, during this extraordinary time,” said Samir Khosla, Managing Partner at TNF Capital. 

“We’re excited to partner with Adeya to help organisations secure their mobile collaboration with a military-grade solution designed for the enterprise,” said Ahmed Shah, Vice President of Business Development at MobileIron.

Leveraging the combined solution, customers can now rapidly manage and deploy Adeya’s end-to-end encrypted communication, collaboration and file-sharing solution through MobileIron’s unified endpoint management (UEM) platform.  

For more information, please visit the official news release.

Sysmosoft partners with Swisscom Trust Services

Sysmosoft, one of TNF’s portfolio investments, announced it has entered a strategic partnership with Swisscom Trust Services.

This partnership will enable banks to offer their customers a fully digital customer journey that is fast, legally compliant and user-friendly. 

The qualified electronic signature, which is provided by Swisscom Trust Services as Qualified Trust Service Provider (QTSP), has been approved in accordance with both the EU standard (eIDAS) and the Swiss standard (ZertES) and is therefore equivalent to a handwritten signature in both jurisdictions.

“The cooperation brings together the usability that consumer transaction customers know about with the legal validity and security required for banking processes,” said Frederic Mauger, partner and co-founder of Sysmosoft. “Swisscom Trust Services was exactly the right partner for us because it is the only QTSP to provide an electronic signature in accordance with EU and Swiss standards. In addition, the expertise to transfer the legal requirements into the technology was essential to provide this combination of usability and compliance”.

“This partnership is a new milestone in the digitalisation of banking,” says Marco Schmid, Head of International Expansion Strategy at Swisscom Trust Services. “The signature for contracts is no longer a bottleneck in transaction processes, but can now simply be done digitally. For us, this cooperation is unique because Sysmosoft not only enables electronic signatures of PDF documents, but also offers all forms of digital declarations of intent. Banks thus have at their disposal an unprecedented combination of legal certainty, user-friendliness and efficiency, a groundbreaking innovation for the future”.

For more information, please visit the official news release.

Adeya publishes White Paper Cloud Act and Data Security

Adeya, one of TNF’s portfolio investments, today published a white paper entitled “The CLOUD: Backdoor to National Secrets and Other Sensitive Data.”

The White Paper discusses the growth of consumer messaging apps like WhatsApp and Telegram, and how these apps use terms like “end-to-end encryption” and “secret key,” to lend themselves an air of authenticity and security. As the White Paper makes clear, these free messaging apps are anything but secure and use confusing and often easily circumvented end-to-end encryption offerings.  

Moreover, US-based apps like WhatsApp and Facebook Messenger are subject to US laws, including the SCA and the recent CLOUD Act. This is important as the US lacks a comprehensive data privacy regime and it is uncertain what protections, if any, apply to non-US residents. 

The paper goes on to explain Adeya’s differentiated model and uniquely secure messaging platform.  For more information, please read the paper here.